Net Profit for Woqod in Q1, 2017 Fell to QR 176.5 Million 

Earnings per share stood at  QR 1.77
 
April 27, 2017 
 
Net profit for Qatar Fuel (Woqod) in the first quarter reached QR 176.5 million   compared to QR 242.69 million in the corresponding period last year. Earnings per share reached QR 1.77 compared to QR 2.44 in the corresponding period in 2016. 

The Group Securities Comment:
 
Total profit for Woqod from its direct activity in the first quarter decreased by 7.7% to QR 293.1 million. The decrease resulted from higher cost than sales value. Other income rose by 10.4% to QR 301.4 million, while expenses rose by 20% to QR 389.7 million. As a result, net profit attributable to shareholders decreased by 27.3% to QR 176.5 million